George Akerlof and the Lemon Problem

George Akerlof put math behind the concept of the  “lemon problem” in his classic 1970 article, “The Market for Lemons,” which used the example of a used car market to depict asymmetry of… Click To Tweet Akerlof (with Michael Spence and Joseph Stiglitz) received the 2001 Nobel Prize for their analyses of markets with asymmetric information. This YouTube video explains the lemon […]

A New Day, A New Way for Island Health and Hospitalists

Our latest case study relates the extraordinary and inspiring journey of the Victoria Island Health Authority and their Hospitalists as they used the Vested model to transform their troubled labor relationship into a highly collaborative one. Most on the team have called the shift to transformational. Some go so far to say it was more like […]

Forbes — 24 January 2019 — Employees, Suppliers

Don’t Treat Your Employees Like Suppliers Forbes Blog article by Kate Vitasek published 24 January 2019 The war for talent is 20 years strong and has changed the way companies recruit and retain talented employees. While great strides have been made in how companies treat employees, many are still in the dark ages when it […]

Forbes — 21 January 2019 — Brexit, Trade and Logistics

Get Set For A Bumpy Trade And Logistics Ride In 2019 Forbes post by Kate Vitasek on 21 January 2019 A significant reshuffling of the top logistics countries is likely this year, largely because of Brexit and the potential for a trade war between the U.S. and China… Here’s the link: https://www.forbes.com/sites/katevitasek/2019/01/21/get-set-for-a-bumpy-trade-and-logistics-ride-in-2019/#2400b94bb2c7

Carillion Needed a Strong Dose of Vested

Carillion, the large British multinational facilities management and construction services company that went bankrupt early this year, is a textbook example of how not to collaborate, communicate and well, do business. Julie Jackson, managing director at OCS Group, summed up the situation nicely in a recent article for FMWorld. “If we can’t agree on a different way […]

Outsource Magazine — June 2018

Prahalad and Hamel: Corporations and Core Competence Column by Kate Vitasek published 2 June 2018 in Outsource Magazine. Here’s the link: http://outsourcemag.com/prahalad-and-hamel-corporations-and-core-competence    

Outsource Magazine — April 2018

Lacity and Willcocks: The Dynamic Duo of Dynamic Outsourcing Practice Column by Kate Vitasek published 27 April 2018 by Outsource Magazine Here’s the link: https://tinyurl.com/ycp4baqb

Expert Insights on Procurement’s Role in 2018

According to a recent Zycus report, “Procurement Experts Outlook 2018”, businesses are “more than ever exposed to a myriad of complex issues revolving around cost savings, operational efficiency and obtaining a competitive edge through available data and human resources.”

Outsource Magazine — March 2018 — 2-in-a-Box

Supplier Relationship Management (SRM) is all the rage and for a good reason. Far too many “strategic” contracts have been developed (especially outsourcing contracts) that do not include sound SRM practices.

Inside Supply Management — March 2018

It’s every supply management practitioner’s worst nightmare: You not only run out of supply of a key product — but the product that can shut you down.